Despite Bitcoin maintaining its position above $66,000 on Friday, the primary cryptocurrency remains 9% lower than its all-time high (ATH). On the contrary, numerous other cryptocurrencies are even further away from reaching their previous peaks, indicating a considerable distance to cover before returning to their former heights.

While some crypto assets have demonstrated better performance than BTC over the past 90 days, Bitcoin has retained its edge over many competitors in the ongoing bullish market. For instance, out of the $2.35 trillion cryptocurrency market, Bitcoin's market capitalization is approximately $1.28 trillion, representing over 54% of the total market value. Bitcoin reached its ATH 64 days ago, hitting $73,794 per unit on March 14, 2024. Currently priced at $65,368 per coin, Bitcoin sits 9% below its peak reached two months ago.

In contrast, Ethereum (ETH) is 36.6% below its ATH of $4,878 per coin, registered on November 10, 2021. BNB is performing relatively better, standing 13.4% below its peak from May 10, 2021. Despite not surpassing its ATH in three years, BNB remains closer to it than most. Solana (SOL) has decreased by 34.4% from its ATH of $259.96 per coin, recorded on November 6, 2021. XRP has experienced one of the sharpest declines, down 81.4% since its ATH on January 7, 2018.

Toncoin (TON) recently entered the top ten and is down 11.7% from its $7.63 ATH achieved last month on April 11, 2024. In the top ten, Dogecoin (DOGE) has declined by 77% from its ATH, and Cardano (ADA) is down 84.8% from its peak. Although Bitcoin (BTC) may not have reached its highest point, its relative dominance in the cryptocurrency market has been evident during the recent bull run.

The question arises: will BTC regain its former glory and continue to set new records, or will alternative assets surge to unprecedented heights, leaving the leading cryptocurrency behind? According to the Altcoin Season Index on blockchaincenter.net, BTC has maintained its top position month after month, with the elusive "altcoin season" remaining out of reach. As always, the cryptocurrency space remains dynamic, and unfolding dynamics may redefine the landscape of digital currencies in unexpected ways.